According to BlockBeats, analyst 2Lambroz believes that the altcoin season may have arrived, but market dynamics have changed, and people lack confidence. Unlike 2021, retail investors have not entered the market, and traders are turning over funds quickly.

Technical trader Moustache is more optimistic, believing that the current structure is similar to 2016 and 2020, and that the altcoin season for 2025 has begun.

Commentator Rekt Fencer remains skeptical, pointing out that most altcoins have fallen 90% since last December, and this week's 10% rebound has triggered excessive optimism.